The Fed Taper Playbook In 2 Simple Charts -Zero Hedge

By Tyler Durden
Created 09/17/2013 – 17:21

As we previously noted, it would appear – unlike the exuberance in the market – the ‘taper downside risk’ is very much in equity markets rather than bonds [4]. Today’s aggressive equity and credit hedging and bond stability perhaps signal more apprehension than a rallying volumeless equity market might suggest but if the following 2 charts are anything to go by, a shift to removing the punchbowl (no matter how biased to longer, lower, forward rate guidance – of course stymied by 2016 economic projection dilemmas [5]) has seen bonds surge and stocks purge




Charts: DoubleLine [7] [7]


Perhaps – as we noted earlier – credit markets are on to something [8]?

 Source: Zero Hedge

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